Sunday 28 December 2014
 
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ICT spending to rise 4.6pc to 36bn next year

The spending on ICT products and services in Saudi Arabia is set to increase 4.6 per cent year-on-year next year to a total $36.95 billion, according to International Data Corporation's newly released predictions. The IT servi

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ICT spending to rise 4.6pc to 36bn next year

The spending on ICT products and services in Saudi Arabia is set to increase 4.6 per cent year-on-year next year to a total $36.95 billion, according to International Data Corporation's newly released predictions. The IT servi

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Bahrain awards tenders worth $2.3bn

Bahrain last year awarded 2,028 tenders worth BD900 million ($2.3 billion) compared to 1,342 tenders worth BD367 million in 2003 - an increase of 140 per cent, said a report in the Gulf Daily News (GDN), our sister publication. El

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Global energy demand likely to surge by 60pc

Global energy demand is expected to increase by 60 per cent till 2040, with fossil fuels remaining the main source, Energy Minister Dr Abdulhussain Mirza said yesterday (December 7). Quoting the Opec 2014 report, Dr Mirza said oil

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Burgan Bank increases capital through rights issuance

Burgan Bank, a leading commercial bank by assets in Kuwait, has completed its capital increase through a rights issuance announced earlier. The bank’s shareholders have subscribed in the capital increase during the designate

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Al Baraka Algeria posts 3.7pc income rise

Al Baraka Bank Algeria, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has announced that its net income for the first nine months of the year increased 3.7 per cent to $38 million when compared with the same period a year ago.

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Bahrain’s main hospital outpatient capacity increased

Bahrain’s main hospital has increased the outpatient capacity of its Accident and Emergency department by 400 per cent. The BD31,000 ($81,757) expansion at Salmaniya Medical Complex (SMC) was officially opened yesterday (Nov

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Al Baraka’s Egypt unit posts 41pc income rise

Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has posted a 41 per cent increase in net income for the first nine months of the year to $24 million. The total assets also increased by 15 per cen

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M&A deal activity rises 17pc in Mena

Mergers and acquisitions deal activity in the Middle East and North Africa (Mena) region increased 17 per cent in the third quarter of the year, according to a recent report.
 
 EY's latest Mena Capital Confidence Barometer (CC

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Al Baraka unit reports 21pc increase in net profit

Al Baraka Turk Participation Bank, a subsidiary banking unit of Al Baraka Banking Group (ABG), reported an increase of 21 per cent in its net profit in the first nine months of this year compared to the same period of 2013. It als

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